Bill limits the CFPB's power to check on banks.

What it does

The bill restricts how the CFPB can demand papers from banks. Banks must answer questions during checks. It sets a 6-year time limit for checks. Banks can ask the CFPB to drop or shrink demands. Banks can say demands cost too much or repeat other requests. The CFPB must answer bank lawyers within 20 days. If the CFPB says no, a court can review that choice.

Who it affects

Banks and other money firms would find it easier to block checks. People who use bank services may have fewer shields. Bad acts that take longer than 6 years to find may not get checked. The CFPB would have less power to gather facts.

One thing to notice

The bill makes it harder for the CFPB to check fraud that takes years to find. Banks can now ask courts to stop the CFPB from asking for papers. This gives banks a new way to delay checks.

From the analysis of the bill text, linked under Primary records below.

Where it stands

6 cosponsors: 4 Republicans, 2 Democrats.

• Feb 27, 2025 — Introduced · Congress.gov: “Introduced in House”
• Feb 27, 2025 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
• Sep 16, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
• Sep 16, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 20”

Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.

Money around this bill

3 groups reported lobbying about this bill. They filed 6 reports from Dec 2025 to Jun 2026.

Those reports show $5,630,000 in lobbying spending. Each report lists about 12 bills. So that money was not all for this bill.

More groups named this bill than 61% of bills with any report.

Andy Barr, who sponsored the bill, received $2,119,072 from PACs for the 2026 election.

• American Bankers Association — $5,210,000 in 2 reports
• Aca International — $300,000 in 2 reports
• Infin a Financial Services Alliance — $120,000 in 2 reports

Lobbying is legal. These reports show who lobbied about this bill, not what changed.

Words to know

• CFPB — A government agency that watches over banks to protect people.
• time limit — A set number of years the government has to check if a law was broken.
• court can review — A judge can check if a government agency made a legal choice.
• lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
• PACs — Groups that collect money and give it to candidates for office.
• sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.